VANCOUVER, BRITISH COLUMBIA — (Marketwired) — 10/16/13 — Alpha Minerals Inc. (TSX VENTURE: AMW)(FRANKFURT: E2GA), (the „Company“ or „Alpha“), and its 50% Joint Venture partner Fission Uranium Corp are pleased to announce results for the final ten lake holes of the summer program at their Patterson Lake South (PLS) property in Canada-s Athabasca Basin. All holes intersected significant mineralization. Of particular note are drill holes PLS13-109 (99.5m total composite mineralization, including 6.87m total composite „off-scale“) and PLS13-097 (90.0m total composite mineralization, including 6.35m total composite „off-scale“) in the R780E zone.
Drilling Highlights include:
It is very significant that none of the mineralized „zones“ have been limited by drilling during the current or earlier programmes, and there is a possibility that mineralization has continuity between some or all of the „zones“. The size of the mineralizing system discovered at PLS thus far correlates well with Alpha-s regional context of the property.
The following drill holes are reported in this news release: PLS13-104 (R390E zone); PLS13-106 (R585E zone); PLS13-097, PLS13-101, PLS13-105, PLS13-107, PLS13-108, and PLS13-109 (R780E zone); and PLS13-090, and PLS13-103 (line 1155E) all intersected significant mineralization.
R390E Zone
The R390E zone refers to the zone of mineralization currently defined over 255m of strike length between line 225E (PLS13-093) and line 480E (PLS13-088). One additional hole was drilled on the R390E zone since the last update (see news release September 27, 2013). Drill hole PLS13-104 was a vertical collared hole on line 465E, located 15m grid west of PLS13-088. A 3.6m wide interval of Devonian sandstone (50.0m – 53.6m) overlies basement pelitic gneiss, transitioning to semi-pelitic gneiss from 210.4m to the end of hole depth of 309.2m. Several intervals of undifferentiated mylonites are present within the pelitic sequence, in intervals ranging from 2.1m to 20.6m wide. Radioactive mineralization occurs in several discrete intervals between 53.5m and 212.0m, ranging from 0.5m to 17.0m wide for a total composite of 70.0m of mineralization, including a total composite of 3.02m of off-scale radioactivity in intervals of 0.15m to 1.48m.
R390E Drill Hole Table
R585E Zone
The R585E zone refers to the zone of mineralization currently defined by only two drill holes on line 585E. One additional hole was drilled on the R585E zone since the last update (see news release September 23, 2013). PLS13-106 was a vertical collared hole on line 585E, located 10m grid north of PLS13-098. Bedrock was encountered at 53.7m, compared to a depth of 62.4m in PLS13-098. This represents a significant 8.7m vertical off-set to the top of the basement between holes. A pelitic gneiss was intersected from 53.7m to 176.2m and a semipelitic gneiss from 176.2m to 269.6m. A wide sequence of diabase was intersected from 269.6m to 332.0m. Radioactive mineralization is broad and relatively moderate to locally strong, occurring in several intervals from 0.5m to 19.5m for a total composite of 86.5m over a 160.0m section (82.5m to 242.5m). The difference in intensity of mineralization between drill holes PLS13-098 and -106 may be related to the significant fault interpreted between the 2 holes. Further drilling is required to determine the nature and control of mineralization at the R585E zone.
R585E Drill Hole Table
R780E Zone
The R780E zone refers to the zone of mineralization currently defined over 60m of strike length between line 750E (hole PLS13-109) and line 810E (PLS13-108). Six additional holes were drilled on the R780E zone since the last update (see news release September 12, 2013), for a total of 12 holes presently defining the R780E zone.
Line 750E:
Line 765E: Two vertically collared holes were drilled on line 765E
Line 795E:
Line 810E: Two vertically collared holes were drilled on line 810E
R780E Drill Hole Table
Line 1155E
Line 1155E is located approximately 195m grid east of the R945E zone. Drilling of two holes (PLS13-090 and 103) was a follow-up test of a subtle radon in water anomaly identified during the Phase 2 EIC radon in water and sediment survey completed during April 2013, by RadonEx Exploration Management of St. Lazare, Quebec. This anomaly lies along an ENE trend, in proximity to the PL-3B EM conductor and on trend with the five PLS mineralized zones (R00E, R390E, R585E, R780E, and R945E) that remain open in all directions. Drilling on line 1155E extends the mineralization at PLS to a 1.23km strike length. Although neither drill hole encountered strong mineralization, both encountered significant widths of anomalous radioactivity in a geologic setting similar to the high-grade zones to the west. The very large mineralizing system at PLS remains open to the east, which reinforces that further drilling is required from the ice surface available during the 2014 drill to evaluate line 1155E.
Line 1155E: Two vertically collared holes were drilled on line 1155E
Line 1155E Drill Hole Table
A $9.2M, 14,700m drill program and ground geophysics surveys continues at PLS. Barge-based lake drilling is now complete. The program-s remaining holes will be land-based.
Natural gamma radiation in drill core that is reported in this news release was measured in counts per second (cps) using a hand held Exploranium GR-110G total count gamma-ray scintillometer. The reader is cautioned that scintillometer readings, like the down hole gamma probe readings, are not directly or uniformly related to uranium grades of the rock sample measured, and should be used only as a preliminary indication of the presence of radioactive materials. The degree of radioactivity within the mineralized intervals is highly variable and associated with visible pitchblende mineralization. All intersections are down-hole, core interval measurements and true thickness is yet to be determined.
Radiometric surveys are planned for all holes using a Mount Sopris 2GHF-1000 Triple Gamma probe, which allows for more accurate measurements in high grade mineralized zones.
Split core samples from the mineralized section of core will be taken continuously through the mineralized intervals and submitted to SRC Geoanalytical Laboratories (an SCC ISO/IEC 17025: 2005 Accredited Facility) of Saskatoon for analysis, which includes U and fire assay for gold. All samples sent for analysis will include a 63 element ICP-OES, uranium by ICP-MS and boron. Assay results will be released when received.
For additional comments about the Summer 2013 Program, please watch a corporate video at the Alpha Minerals website:
Patterson Lake South Property
The 31,000 hectare (76,000 acres) PLS project is a 50%/50% Joint Venture held by Alpha Minerals Inc (AMW) and Fission Uranium (FCU). The Joint Venture property is 100% owned with no underlying royalties or vendor payments. For the present work, the exploration is still being operated as a Joint Venture under the direction of the Joint Venture Management Committee with Fission Uranium acting as the operator.
The property is accessible by road with primary access from all-weather Highway 955, which runs 74km north to the former Cluff Lake mine, (greater than 60M lbs of U3O8 produced from multiple open pit and underground mines), and passes through the claims covering the UEX-Areva Shea Creek discoveries located 58km to the north, currently under active exploration and development.
The technical information in this news release has been prepared in accordance with the Canadian regulatory requirements set out in National Instrument 43- 101 and reviewed on behalf of Alpha Minerals Inc, by Garrett Ainsworth, P.Geo., Vice President Exploration, a qualified person.
On behalf of the Board of Directors of Alpha Minerals Inc.
Please refer to the Alpha Minerals Inc. website () for the video and further updated information.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This press release contains „forward-looking information“ that is based on Alpha-s current expectations, estimates, forecasts and projections. This forward-looking information includes, among other things, statements with respect to Alpha-s development plans. The words „will“, „anticipated“, „plans“ or other similar words and phrases are intended to identify forward-looking information.
Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause Alpha-s actual results, level of activity, performance or achievements to be materially different from those expressed or implied by such forward-looking information. Such factors include, but are not limited to: uncertainties related exploration and development; the ability to raise sufficient capital to fund exploration and development; changes in economic conditions or financial markets; increases in input costs; litigation, legislative, environmental and other judicial, regulatory, political and competitive developments; technological or operational difficulties or inability to obtain permits encountered in connection with exploration activities; and labour relations matters. This list is not exhaustive of the factors that may affect our forward-looking information. These and other factors should be considered carefully and readers should not place undue reliance on such forward-looking information. Alpha disclaims any intention or obligation to update or revise forward-looking information, whether as a result of new information, future events or otherwise.
Contacts: For corporate communications please contact: Robert (Bob) Meister Alpha Minerals Inc. (604) 629-0293 (604) 684-9365 (FAX) Toll Free: 1-866-629-0293 Email:
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